95
Lufkin Industries (LUFK)
Lufkin Industries is best known for making all those trailers you see on the interstate. But that's not what's making its shareholders smile. They're having a nice ride with Lufkin stock because the Lufkin (Texas) manufacturer also makes oil-field pumps and power-transmission gear. Those two businesses have been burning up the road and sent overall earnings up threefold last year to $45 million on sales of $492 million; the stock has more than doubled in 12 months. Big Mo continued in the first quarter with revenues up 32%, order backlog up 37%, and net income up 105%. Not bad for an outfit that dates back to 1902. But as Lufkin expands capacity to meet soaring demand, one of management's chief concerns is that it doesn't overdo it just in time for the economy to slam on the brakes.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 943.3 |
| Sales* ($ Millions) | 524.2 |
| Sales Growth (3-yr. avg. annual) |
29.8 % |
| Profits* ($ Millions) | 52.3 |
| Profit Growth (3-yr. avg. annual) | 70.7 % |
| Return on Inv. Capital (3-yr.) | 8.6 % |
| Share Price 12-Mo. Hi/Lo | 70/25 |
| Share Price As of 4/28/06 | 64 |
| Return on Equity | 18.9 % |
| P/E Ratio | 18 |
| No. of Employees | 2,700 |
| Industry | Oil & Gas Equipment & Services |
| CURRENT MARKET INFO | LUFK > |
| COMPANY WEB SITE > | |
| Location | Lufkin, Tex. |
| Phone | 936 634-2211 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Lufkin Industries and its subsidiaries engage in the manufacture and sale of oil field pumping units, power transmission products, and highway trailers worldwide. The company operates in three segments: Oil Field, Power Transmission, and Trailer. The Oil Field segment manufactures and services artificial reciprocating rod lift equipment and related products. It also transports and repairs pumping units, as well as refurbishes used pumping units. In addition, this segment designs, manufactures, installs, and services computer control equipment and analytical services for pumping units; and operates an iron foundry to produce castings for new pumping units. The Power Transmission segment designs, manufactures, and services speed increasing and reducing gearboxes for industrial applications. It also manufactures capital spares for customers in conjunction with the production of new gearboxes, as well as producing parts for after-market service. In addition, this segment provides on- and off-site repair and service. The Trailer segment manufactures and services various highway trailers for the freight-hauling market. It offers general-purpose dry-freight vans, flat-bed style trailers, and dumps trailers, as well as provides replacement parts. Lufkin Industries primarily sells its products to oil and gas companies and various industries, as well as to small and medium-size fleet freight-hauling companies through a dealer network. It operates in the U.S., Europe, Canada, and Latin America. The company was founded by Frank Kavanaugh Sr.; J.H. Kurth Sr.; S.W. Henderson Sr.; and Eli Wiener in 1902. Lufkin Industries is based in Lufkin, Tex.
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